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Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by dashundchen on Sunday February 16, 2025 @07:36PM (#43073461)
He did a rugpull in a shitcoin right before his inauguration and likely pulled megaprofit out of some bag holders.

https://www.reuters.com/markets/currencies/trumps-meme-coin-...

Any other administration this would have been a huge scandal but when we're in an avalanche of corruption I guess it can be missed.

Re:Javier Milei Backtracks on $4.4B Memecoin After 'Insiders... by marssaxman on Sunday February 16, 2025 @09:18PM (#43074246)
I think the point was that it gave his supporters a quasi-legal way to donate money while skirting campaign finance regulation, making the trumpcoin itself not so much a unit of currency as a receipt - a proof of loyalty.